Analytics Led Future of Banking - Visionet Insights

Banks are increasingly using machine learning to power their operations and solve challenging business problems. However, adoption is not widespread across their other departments. To achieve this, they must address several technological and organizational challenges. This white paper provides insights into how machine learning can enable banks to optimize the vast amount of data that they already possess, transform their customer service and risk management practices, and enhance operational efficiency.

 

How Hybrid Cloud Solutions Can Enable Banks To Achieve Digital Transformation?

2020-09

How Hybrid Cloud Solutions Can Enable Banks To Achieve Digital Transformation?

  • Digitalization of business attracts more clients as it makes the process simpler and more efficient
  • Hybrid cloud is a combination or a mixture of a private cloud with one or more public clouds powered by an administration software
  • With the aid of a hybrid cloud, the need for IT professionals to manage servers is curbed

Digital transformation is the use of digital technologies in the areas of businesses or culture to change or develop new strategies or procedures to attract more customers.

Transforming The Digital Fintech Landscape With AI

2020-07

Transforming The Digital Fintech Landscape With AI

A visionary with ability to scale businesses through team development, leadership inculcation, organizational culture development, and knowledge management.

Artificial Intelligence (AI) is revolutionizing the Fintech industry profoundly. Fintech, as the term suggests, deals with the digital transformation of the finance sector. Advanced technologies can open new revenue streams and remodel business operations for this industry.

Those Who Prepared Are Now Thriving

2020-04

Those Who Prepared Are Now Thriving

Mortgage companies with pre-pandemic tech investments have had fewer disruptions

The COVID-19 pandemic has caused massive disruption for industries across the world. The mortgage industry is no exception. Amid widespread concern among consumers, businesses and communities, the U.S. economy experienced a massive slowdown. This made
homeowners and potential homebuyers wary, resulting in many stepping away from the mortgage market.

How Intelligent Automation Is Changing the Mortgage Industry

Businesses across most domains are constantly trying to reduce operating costs. One way to do this is by introducing intelligent automation. Intelligent Automation contributes immensely to taking repetitive, mundane tasks that humans would typically do and applying machine learning technology to automate them.

Why Technology Plays a Key Role in Title Production

In a volatile mortgage market, changing interest rates and compliance scenarios coupled with the global pandemic have all meant that mortgage lenders are dealing with constant change.

Moreover, record-low mortgage rates in 2020 have been luring buyers. The Mortgage Bankers Association (MBA) has projected mortgage originations to total about $2.61 trillion this year, a 20.3% gain from last year’s volume. Refinance originations are also expected to double earlier MBA projections, increasing 36.7% to around $1.23 trillion.

Riding the Refinance Wave - Understanding the Millennial Mindset

Amidst the Covid-19 outbreak, while new home purchases are taking a hit, refinance requirements are going through the roof. In the recent past, mortgage companies have been experiencing stiff competition from other mortgage companies. But a bigger challenge has been the rise of fintech companies that is significantly impacting mortgage lenders. In the US, the market share of online mortgage lenders has quadrupled over the past six years.